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- Securely storing and managing various assetsSafekeeping in banking refers to the practice of securely storing and managing various assets, such as cash, securities, important documents, and digital assets, on behalf of individuals and organizations12. Banks offer safekeeping services to safeguard valuables from theft, loss, damage, or unauthorized access13.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Safekeeping in banking refers to the practice of securely storing and managing various assets, such as cash, securities, important documents, and digital assets, on behalf of individuals and organizations. Banks offer safekeeping services to their customers to safeguard their valuables from theft, loss, damage, or unauthorized access.livewell.com/finance/what-is-safekeeping-in-banking/Safekeeping, in the realm of finance, refers to the act of protecting and managing your financial assets in a way that minimizes the risk of loss or theft. It is an essential aspect of financial management that ensures the security and integrity of your investments, important documents, and monetary resources.livewell.com/finance/safekeeping-definition-method…Safekeeping is the storage of assets or other items of value in a protected area. Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. Financial institutions are custodians and are therefore legally responsible for the items in safekeeping.www.financereference.com/safekeeping/
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